Many people think, after a drop this big, it should bounce back.

But the four words that make you lose money most easily in trading are precisely these:
—should bounce back

ETH is currently at the key support area of 1550-1480, and the short-term downtrend has not changed for now. Although this level may see a rebound, I won’t easily treat a rebound as a reversal until funds truly flow back.

Today, the key thing to watch is the strength of the support/absorption around 1550.

Hold it, and there’s still a chance for a short-term correction; if it breaks, the space below may open up further, and the market could accelerate.

My thinking for today is still very simple:

I don’t predict the market—I just follow it. If an opportunity comes, I act; if there isn’t one, I wait.

I share my daily synchronized real-trading thoughts and execution logic. Let’s keep an eye on the market together and exchange ideas together.